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Wednesday, December 04, 2019 9:35:00 AM
Because from Sept. 6, 2008 F+F are under Insolvency Conservation and All Contracts as Well Known Has Been Cancelled and therefore All Prefs Buys after Sept. 5, 2008 Legally Voided and Worthless To Aware !
Any Company Owner which ever has been in any Insolvency Situation knows well, that the first priority as by the Insolvency Laws provided, is to eliminate Any Debts or Loans as much as possible to clean and to provide any Future Investors a Clean Situation without skeletons in the basement.
Any Company Owner not using the Insolvency Laws Opportunities would be Totally Stupid, that's why they usually Very Smart to use The Opportunities.
Prefs are Debts and kind of Loans, not Investment Common Shares as essentially for Any Public Companies Existing and therefore Have Also Voting Rights !
Does anybody believe, the Gov or F+F is Totally Stupid and therefore will provide Unnecessary Gifts To Shareholders, where until now We Have Seen Only The Contrary and therefore The Courts Will Need To Decide ?
Cleaning Old Debts For A Fresh Start For New Investors Is Only Welcoming and Attracting.
The Common Shares may soon Get Relisted to NYSE or NASDAQ with later following New-Prefs To Buy At Par-Value !
Happy Day To All of You
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